Ireland: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Ireland

The Irish market for lithium oxide, hydroxide and carbonates skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lithium Oxide, Hydroxide and Carbonate in Ireland

In value terms, lithium oxide, hydroxide and carbonate production soared to $X in 2022 estimated in export price. In general, production recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Ireland

In 2022, overseas shipments of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of X,567% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, lithium oxide, hydroxide and carbonate exports soared to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Ireland, accounting for a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to India exceeded the volume sent to the second major destination, the UK (X tons), sixfold.

From 2014 to 2022, the average annual growth rate of volume to India totaled X%.

In value terms, India ($X) remains the key foreign market for lithium oxide, hydroxide and carbonates exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to India totaled X%.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, faced a dramatic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Ireland

In 2022, supplies from abroad of lithium oxide, hydroxide and carbonates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, lithium oxide, hydroxide and carbonate imports dropped sharply to $X in 2022. In general, imports, however, showed slight growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Germany (X tons) was the main supplier of lithium oxide, hydroxide and carbonate to Ireland, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Ireland, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Belgium (X% per year).

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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